Nomura Asset Management Co. Ltd. Decreases Holdings in Ryder System, Inc. (NYSE:R)

Nomura Asset Management Co. Ltd. lowered its position in Ryder System, Inc. (NYSE:R) by 42.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 960 shares of the transportation company’s stock after selling 717 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ryder System were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC bought a new stake in shares of Ryder System in the 4th quarter valued at about $314,075,000. Norges Bank purchased a new position in Ryder System in the 4th quarter worth approximately $97,844,000. FMR LLC lifted its position in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after purchasing an additional 281,052 shares during the last quarter. Pacific Heights Asset Management LLC boosted its stake in shares of Ryder System by 125.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 180,000 shares of the transportation company’s stock valued at $28,235,000 after purchasing an additional 100,000 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of Ryder System in the fourth quarter worth approximately $12,242,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Down 8.4 %

R stock opened at $138.91 on Friday. Ryder System, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $171.78. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 12.53 and a beta of 1.10. The business’s 50 day moving average price is $153.93 and its two-hundred day moving average price is $155.23. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. As a group, analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on R. JPMorgan Chase & Co. dropped their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group raised their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ryder System currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.